DIRECTOR LOSS & CAPITAL MODELLING

We are banking at another level.

Choosing BDC as your employer means working in a healthy, inclusive, and skilled workplace that puts forward the best conditions to bring together unique teams where employees are empowered to act. It also means being at the centre of ambitious economic and financial projects to see further and to do things differently, to fuel the success of Canadian entrepreneurs.

Choosing BDC as your employer also means:

• Flexible and competitive benefits, including an Employee Savings and Investment Plan where BDC matches part of your voluntary contributions, a Defined Benefit Pension Plan, a $750 wellness and health care spending account, to name a few   

• In addition to paid vacation each year, five personal days, sick days as necessary, and our offices are closed from December 25 to January 1

• A hybrid work model that truly balances work and personal life

• Opportunities for learning, training and development, and much more... 

Explore the BDC Way in our Culture Book

**Please note that this role requires bilingualism in both French and English, spoken and written. **

POSITION OVERVIEW

As Director, Loss & Capital Modelling, you will report to a Vice-President Risk Assessment & Models, within Risk Management and will be accountable for the design, development, implementation, and ongoing monitoring of quantitative models supporting economic capital, IFRS 9 Expected Credit Loss (ECL) for performing loans, and macro-economic forecasting default rates.

You will provide strategic leadership across the full model lifecycle, ensuring methodologies are conceptually sound, empirically robust, and aligned with industry best practices and internal risk management standards.

The Director brings deep technical expertise, strong governance discipline, and the ability to translate complex model outcomes into clear insights for executive management, validators, and auditors, while fostering a culture of continuous improvement and best‑in‑class modeling practices

CHALLENGES TO BE MET

• Lead the development and ongoing enhancement of Economic Capital and Expected Credit Loss models for performing loans in line with internal risk frameworks, industry practices, and accounting standards (e.g., IFRS 9).

• Oversee the end‑to‑end model lifecycle, including implementation, performance monitoring, validation support, and periodic recalibration.

• Contribute to the advancement of the modelling methodologies, model calibrations, and data management.

• Establish and oversee data management standards supporting capital and ECL models. Partner with data, IT, and Finance teams to improve data infrastructure for modelling.

• Establish and maintain a robust model monitoring and governance framework, ensuring model performance, stability, and appropriate use.

• Operationalization of models, definition of requirements in close collaboration with IT, selection of the solution, and coordination of implementation activities.

• Act as a senior point of contact for Model Validation, Internal Audit, External Audit, and regulators, addressing findings and supporting reviews.

• Communicate model outcomes and risk insights to senior management and governance committees through clear, concise materials.

• Lead, develop, and coach quantitative teams, promoting high standards of analytical rigor, accountability, and continuous improvement.

WHAT WE ARE LOOKING FOR

• Graduate degree in quantitative or risk focused discipline, Mathematics, Finance or Economics.

• A minimum of 7-10 years of related working experience in credit risk, quantitative modelling.

• Demonstrated hands‑on experience in Economic Capital and/or IFRS 9 Expected Credit Loss (ECL) modeling,

• Proven leadership experience (3+ years) leading quantitative teams and/or cross‑functional projects.

• Solid computing development skills, particularly statistical and database modeling tools (i.e., SQL, Python, etc.); well-developed ability to adapt to various programming languages and environments.

• Good interpersonal and communication skills are essential in dealing with internal and external stakeholders, as well as preparing reports for Executive Management.

• Solid organizational and time management skills to manage competing activities within short time frames.

• Strong analytical skills and remarkable attention to detail and accuracy

• Ability to coach and develop quantitative professionals.

• Bilingual in both official languages (English & French)

Proudly one of Canada’s Top 100 Employers and one of Canada’s Best Diversity Employers, we are committed to fostering a diverse, equitable, inclusive and accessible environment where all employees can thrive and feel empowered to bring their whole selves to work. If you require an accommodation to complete your application, please do not hesitate to contact us at [email protected].

While we appreciate all applications, we advise that only the candidates selected to participate in the recruitment process will be contacted.